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I'd love to see that...however I think 12k will be like a concrete floor of support, it may take a few hits before it breaks...

Thanks...I'll definitely take a look at the track record, and make some modifications...

Exactly. From what I've heard (from bosco81 and others), it's attainable by trading 6 contracts, and trading relatively aggressively, but not realistic for the conservative new trader. I'd just like to get more opinions...

Bosco 81, thanks for the info, I appreciate it. I guess what I was trying to get at is that their posted track record could afford to be MUCH worse, and still be very good. Can you comment on how you've been doing, in % terms, when you say reality has bitten you in the ass?

So are you saying that their track record is either faked or not realistic?? Please elaborate...thanks...

If we just trade under the lows from this correction (last week), the odds are good that we'll see more of a drop...I've got my Apr SPY puts and will continue to pick up more with conservative stops...I say fucking bombs away!

Thanks for the info...so it sounds like you would recommend the service, as long as the trader was at least decently capitalized (ie, over 25k)?? It seems like your issues basically involve trade size and subscription cost...and the track record is sort of reachable, but still a "best case...

Also, their published track record looks impressive...I truly hope that it's completely legit, given the assumption of 6 contracts per position on YM...ie, I hope they didn't just cherry-pick their best trades and throw a few losers in the mix to make it look real. I doubt this is the case, but...

Thanks, that's more information than I could have hoped for...I will definitely take another look at the strategy...

I've been into the AAPL options as well...though not exclusively. How has the short strangle for income approach worked for you? I had employed a similiar method but realized I couldn't get my strikes wide enough to avoid the inevitable juke driven by one major news event. As far as AAPL is...

Neke, thanks for the journal. So in retrospect, what do you think went wrong on the 5.8K loss? Was this caused by averaging down, loose money management, or a black swan type of gap that you couldn't have forseen? I'm not trying to roast you, but just saying that you should definitely analyze...

A little on the expensive side...but maybe an April 5/2.5 long put vertical for 1.30...could work out...

Bill Lumberg. Yeah, I've got some Apr 90 Puts on MA...will add as it starts to sink...

There was a whole show about this guy that I saw...they may say it in the link above, but I guess he "sees" numbers...its called synesthesia. To him, every number up to 10,000 has a unique look. His brain somehow mixes up traditionally separated areas. Although I'm not sure how his math...

He's legit. He memorized pi to 22,500 places.

I'd agree, Fast Money is pretty entertaining...and is good for laughs too...Macke is funny...:D

I wonder if the curtains match the carpet with Claman?? :eek:

Actually, to answer the question, the huge intraday swings on those MA puts are basically due to the fact that MA opened up briefly and traded up a few % over yesterday's close, then went way down, leaving a very wide range of prices for the day.

Actually, to answer the question, the huge intraday swings on those MA puts are basically due to the fact that MA opened up briefly and traded up a few % over yesterday's close, then went way down, leaving a very wide range of prices for the day.

I would expect that implied volatility crashed today, since earnings were this morning. The puts still ballooned up because the stock tanked. I put on a long 115/110 put vertical yesterday in anticipation of MA blowing out earnings and the stock crashing...I closed my position this morning...